First, spare me the "Why would you lease a car?!?" replies. This post is just on a specific deal, which I don't think is good, but want to get general feedback (hopefully from a car finance guy).
2015 BMW 328i. MSRP: $46,200
This is an "Executive Lease" car, which means it has not been titled, and they can lease it out under CPO pricing.
Current price: $36,981
Mileage: 12,531
Lease terms:
Lease end value: $26,668.80
Term: 36 months
Mileage: 15,000/year
Money Factor: .00169
Adjusted Cap Cost: $37,278.43
Lease payment: $430.97/month (402.78 before tax)
Cash upfront: $2000 (includes first payment)
By my general math, I'd pay $17,083 total over 3 years, including $2k down payment (430.97 x 35 + 2000)
Car value only decreases $10,600.
So, question: How much room is there in negotiating? I don't know how much dealerships expect to make on leases.
2015 BMW 328i. MSRP: $46,200
This is an "Executive Lease" car, which means it has not been titled, and they can lease it out under CPO pricing.
Current price: $36,981
Mileage: 12,531
Lease terms:
Lease end value: $26,668.80
Term: 36 months
Mileage: 15,000/year
Money Factor: .00169
Adjusted Cap Cost: $37,278.43
Lease payment: $430.97/month (402.78 before tax)
Cash upfront: $2000 (includes first payment)
By my general math, I'd pay $17,083 total over 3 years, including $2k down payment (430.97 x 35 + 2000)
Car value only decreases $10,600.
So, question: How much room is there in negotiating? I don't know how much dealerships expect to make on leases.
